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Tesla’s Bitcoin Dump; Zipmex Freezes Withdrawals
Bitcoin slips after Tesla announcement, but analysts say we could have seen the bottom. Crypto trading volumes in India recover. Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%. Singapore-based Zipmex freezes withdrawals. Documents reveal Vauld owes retail customers $363 million.
Bitcoin Slips Below $23K as ECB Raises Rates for First Time in 11 Years
European Central Bank (ECB) has raised interest rates by 50 basis points, its first rate hike in 11 years. IG North America CEO JJ Kinahan discusses his take on what this means for the crypto markets. Plus, Elon Musk disclosed that Tesla sold 75% of its bitcoin holdings last quarter in the latest earnings call.
CryptoQuant CEO: South Korea’s Probe Against Terra Won’t Affect Crypto Markets
Reacting to South Korean prosecutors raiding seven local crypto exchanges and firms as part the investigation into Terra’s collapse, CryptoQuant CEO Ki Young Ju discusses the market sentiment in Korea. Ju explains why “Koreans don’t care [about] exchange raids.” Plus, reactions to Korea postponing its 20% crypto tax until 2025.
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still being negotiated by leaders of the House Committee on Financial Services, according to a CoinDesk source. CoinDesk's Nikhilesh De joins First Mover to discuss.
What’s Fueling Crypto’s Latest Rally?
Bitcoin, ether and most other cryptocurrencies continue to trend higher Wednesday. CoinDesk Markets Managing Editor Brad Keoun discusses his reading of the crypto markets and traditional equities markets across the globe.
Outlook for Global VC Activity ‘Looks Bullish’
Funding for crypto start-ups in the second quarter fell to its lowest level in a year, according to research firm Pitchbook, but there may be a silver lining. Pitchbook Senior Emerging Technology Research Analyst Robert Le shares insights into improving institutional investor sentiment.
Blockware Solutions Analyst: Bitcoin's Price and Production Costs 'Very Correlated'
Blockware Solutions Analyst Joe Burnett shares insights into the specifics and takeaways of the Bitcoin Energy Gravity model, a metric that models the relationship between bitcoin's price and its production costs which can be used to identify bitcoin as overbought or oversold.
New Metric Identifies Potential BTC Bottom
The Bitcoin Energy Gravity Model tracks the relationship between bitcoin's price and its cost of production, which could lead to some insights on when it's overbought or bottoming out. ""All About Bitcoin"" host Christine Lee breaks down the Chart of the Day.
What Rising Inflation Means For Crypto
The difference between inflation and the federal funds rate is larger than at any point in history, says Pantera Capital CEO Dan Morehead. “The Hash” panel breaks down what this means, discussing the impact of inflation on crypto and the wider economy.
Report: Prosecutors Raided 7 Korean Exchanges Amid Terra Probe
Seven crypto exchanges in South Korea have reportedly been raided by prosecutors probing a fraud case in connection with the collapse of algorithmic stablecoin terraUSD (UST) and LUNA. “The Hash” hosts discuss the latest in the Terra turmoil.
